Cycling has long been a tradition among residents of real estate in Carnegie. The Carnegie Caulfield Cycling Club was founded in 1924 and meets each week for leisure rides and races around the region.
Because of this culture, bikes lanes are scattered throughout Carnegie in order to improve road safety for cyclists, pedestrians and motorists.This feature could also be increasing the value of property in the area, according to research collated by global business editorial Fast Company.
A January 21 article from Fast Company reveals suburbs containing bike lanes can benefit from increased retail sales, boosted health rates and enhanced real estate value.
This is because cyclist friendly infrastructure encourages residents to leave their cars at home, reducing traffic, parking space demand and making it easier to shop in the area.
Areas supportive of a cycling lifestyle are expected to become more popular as Australians consider cheap, convenient and efficient ways to become fit and healthy through 2014.
If you're interested in purchasing property in an area that supports cyclists and alternative methods of travel, speak with Carnegie real estate professional Matthew Hurlston at Ray White Carnegie today.
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